India: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in India

After two years of decline, the Indian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 2% to $X in 2021. In general, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in India

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap contracted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from India

In 2021, approx. X tons of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap were exported from India; growing by 7.4% on the previous year's figure. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 116% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose rapidly to $X in 2021. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 107% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from India, accounting for a 40% share of total exports. Moreover, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to the United Arab Emirates exceeded the volume sent to the second major destination, Somalia (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+68.8% per year) and the United States (+36.7% per year).

In value terms, the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from India were the United Arab Emirates ($X), Somalia ($X) and the United States ($X), together comprising 37% of total exports. These countries were followed by Saudi Arabia, Nigeria, Sudan, the UK, Cameroon, Tanzania, Chad, Papua New Guinea, Oman and Djibouti, which together accounted for a further 35%.

Among the main countries of destination, Cameroon, with a CAGR of +156.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, standing approx. at the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by +27.0% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into India

In 2021, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap into India soared to X tons, jumping by 24% compared with the previous year's figure. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier to India, with a 54% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+44.4% per year) and Thailand (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to India, comprising 55% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports. It was followed by Thailand, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+48.0% per year) and Thailand (+18.6% per year).

Import Prices by Country

In 2021, the average import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :